300 10th Ave SE APT 104Pelican RapidsMN56572
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Pelican Rapids at 300 10th Ave SE APT 104, Pelican Rapids, MN, 56572 listed at $223,900 pairs $1,868/mo rent with a $1,096/mo payment to leave $470/mo cash flow. Total monthly income runs $1,868/mo, and annual cash flow reaches $5,637/yr on $74,223 cash to close. Return on cash invested measures 27.5% in year one, and rental yield registers 10.01% at a $223,900 basis. Equity gained on principal adds $1,445/yr, and annual property appreciation at 5% supports $61,859 by year five. Five-year ROI tracks 143.65% and total cumulative return in cash totals $106,620. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,868/mo property income relative to a $1,096/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1994
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56572, Pelican Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,171 (100%) |
| Owner Occupied HU | 1,890 (45.3%) |
| Renter Occupied HU | 469 (11.2%) |
| Vacant Housing Units | 1,812 (43.4%) |
| Median Home Value | $364,686 |
| Average Home Value | $430,345 |
Housing Distribution
Address Breakdown
Residential
2,463
Single Family
2,300
Multi-Family
163
Businesses
191
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Listed by: Trisha Satter • Coldwell Banker Preferred Partners
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6594978